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a-rank bhd (ARNK) Details

A-Rank Berhad, an investment holding company, manufactures and markets aluminum billets in Malaysia. The company offers various customized aluminum homogenized extrusion billets. It also manufactures, markets, and trades in various types of aluminum and glass fittings, such as doors and windows, kitchen cabinets, and other related products under the brand names of HongLee and Apresi. In addition, the company imports and markets kitchen cabinets under the Berloni brand name. It exports its products to Africa, Europe, South Asia, South America, and South East Asia. A-Rank Berhad is headquartered in Beranang, Malaysia.

a-rank bhd (ARNK) Key Developments

A-Rank Berhad announced unaudited consolidated earnings results for the third quarter and nine months ended April 30, 2015. For the quarter, the company reported revenue of MYR 117,915,000 against MYR 114,546,000 a year ago. Profit from operations was MYR 2,330,000 against MYR 2,788,000 a year ago. Profit before taxation was MYR 2,100,000 against MYR 2,431,000 a year ago. Profit attributable to owner of the parent was MYR 1,537,000 or 1.28 sen per basic share against MYR 1,921,000 or 1.60 sen per basic share a year ago. The Group's revenue increased slightly by 2.9% to MYR 117.9 million for the quarter under review compared to MYR 114.5 million for the corresponding quarter last year. The increase in revenue was due to higher average selling prices as a result of the increase in raw material costs although business volume was lower due to the Chinese New Year's Holidays. The Group registered a decrease of 13.6% in profit before taxation to MYR 2.1 million for the current quarter compared to that of the corresponding quarter last year owing to property, plant and equipment written off of MYR 0.8 million during the quarter under review.
For the nine months, the company reported revenue of MYR 370,475,000 against MYR 363,952,000 a year ago. Profit from operations was MYR 8,817,000 against MYR 9,167,000 a year ago. Profit before taxation was MYR 8,029,000 against MYR 8,186,000 a year ago. Profit attributable to owner of the parent was MYR 6,349,000 or 5.29 sen per basic share against MYR 6,506,000 or 5.42 sen per basic share a year ago. Net cash generated from operating activities was MYR 18,767,000 against MYR 4,362,000 a year ago. Purchase of property, plant & equipment were MYR 4,126,000 against MYR 2,299,000 a year ago. Net assets per share based on 120,000,000 ordinary shares of MYR 0.50 each as at April 30, 2015 was MYR 0.71.

A-Rank Berhad Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended January 31, 2015; Provides Earnings Guidance for the Third Quarter of 2015

Mar 27 15

A-Rank Berhad announced unaudited consolidated earnings results for the second quarter and six months ended January 31, 2015. For the quarter, the company reported revenue of MYR 122,756,000 against MYR 123,814,000 a year ago. Profit from operations was MYR 2,992,000 against MYR 3,261,000 a year ago. Profit before taxation was MYR 2,725,000 against MYR 2,922,000 a year ago. Profit attributable to owners of the parent was MYR 2,163,000 or 1.80 sen per basic share against MYR 2,221,000 or 1.85 sen per basic share a year ago. to RM123.8 million for the corresponding quarter last year. The decrease in revenue was due to lower business volume although average selling prices were higher as a result of the increase in raw material costs. The Group registered a decrease of 6.7% in profit before taxation for the current quarter compared to that of the corresponding quarter last year due mainly to lower business volume.
For the six months, the company reported revenue of MYR 252,560,000 against MYR 249,406,000 a year ago. Profit from operations was MYR 6,487,000 against MYR 6,379,000 a year ago. Profit before taxation was MYR 5,929,000 against MYR 5,755,000 a year ago. Profit attributable to owners of the parent was MYR 4,812,000 or 4.01 sen per basic share against MYR 4,585,000 or 3.82 sen per basic share a year ago. Net cash used in operating activities was MYR 1,035,000 against net cash from operating activities of MYR 17,581,000 a year ago. Purchase of property, plant and equipment was MYR 4,006,000 against MYR 936,000 a year ago.
For the third quarter of 2015, barring unforeseen circumstances, the Board is optimistic that the Group will remain profitable for the forthcoming quarter.

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